Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (294 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

property at 716 E 23rd St

$600 - $850

1 Bedroom Rentals

Available Now

716 E 23rd St

BaltimoreMD21218

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property at 2311 Anoka Ave

$650 - $900

1 Bedroom Rentals

Available Now

2311 Anoka Ave

BaltimoreMD21215
property at 50 Gorman Ave

$650 - $900

1 Bedroom Rentals

Available Now

50 Gorman Ave

BaltimoreMD21223

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Renaissance at Reservoir Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
EastView on the AvenueOne Bedroom1BR,1BA$880
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Avon1 Beds, 1 Baths1BR,1BA$950

Best Value Apartments for Rent in Lexington Terrace, MD

As of February 17, 2026 the best value apartment in the Lexington Terrace area is the $1.08 price per square foot 836 Park Ave Model at 836 Park Ave, Unit Unit #A in the in the Inner Harbor neighborhood starting from $3,200. The second greatest value Lexington Terrace apartment is the 1005 N Arlington Ave Model at 1005 N Arlington Ave, Unit Arlington A starting at $2,500 with a $1.00 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
836 Park Ave, Unit Unit #A836 Park Ave2BR,2.5BA$1.08
1005 N Arlington Ave, Unit Arlington A1005 N Arlington Ave4BR,3BA$1.00
2026 Druid Hill Ave, Unit Unit 22026 Druid Hill Ave3BR,3BA$0.85
1017 Hollins St, Unit Apt 1...1 Bedroom 1 Bath1017 Hollins St1BR,1BA$1.13
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Quick Rent Budget Calculator

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is a cheap apartment in Lexington Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington Terrace is under $950.

What is the price of a cheap apartment in Lexington Terrace?

The cheapest apartment in Lexington Terrace is Penn Square which is listed at $600, while the average apartment in Lexington Terrace costs $6,766.

What types of apartments are the cheapest in Lexington Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 505 regular apartments in Lexington Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington Terrace?

Cheap apartments in Lexington Terrace have an average cost of $878 which is $5,888 cheaper than the average rent for all rentals in Lexington Terrace.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

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Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

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Written by: Sarah Bregel

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Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.